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BVI Companies Act

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New Annual Financial Return Filing for BVI Companies Commences 2024

Amendments to the BVI Business Companies Act, 2004, and BVI Business Companies Regulations, which took effect on January 1, 2023, require BVI companies to file an annual financial return (AFR) containing specified financial information. The filing must be made with…

The Striking Off and Restoration of BVI Companies

By Asha Johnson-Willins British Virgin Island law sets out clear procedures for striking off, dissolution, and restoration of BVI companies. Governed by the BVI Business Companies Act and the Insolvency Act, the procedures apply to BVI Business Companies as well…

BVI Business Companies Act to be Further Enhanced

By Christopher Simpson, O’Neal Webster Partner. The renowned BVI Business Companies Act which came into effect 2005 and modernised the BVI corporate law regime promulgated under the earlier International Business Companies Act of 1984, is to be further enhanced through…

Unleashing the Power of the BVI Restricted Purposes Company

Modern day company law has largely moved away from the concept of “ultra vires” which sought to limit the ability of a company to enter into transactions outside its stated objects. The British Virgin Islands officially moved away from the…
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